A straddle requires the use of same-strike call and put whereas a strangle involves out-of-the-money (OTM) call and put. The premise to set up either strategy is your view that the underlying will ...
Palo Alto stock currently trades with a low implied volatility rank, which means it’s a good time to look at a long strangle.
Volatility has eased in recent days as the market digests the possibility of more rate cuts. However, volatility could rear its ugly head again at any time. The VIX Index closed at 17.24 yesterday ...